IllustrativeKoolboks
NigeriaSolar cold chain · Solar cold chain; fisheries, poultry, dairy, fruit and vegetables
Operating solar cold chain platform in Nigeria seeking USD 25m of blended capital to scale pay-as-you-go refrigeration for perishable food value chains: manufacturing, distribution, financing and technology.
Rationale
Fisheries, poultry, dairy and produce value chains in Nigeria lack reliable cold storage, which drives post-harvest losses and limits market access. This operating platform has deployed 15,000 units across 25 countries and is raising growth capital to accelerate rollout.
- Sector
- Solar cold chain
- Model
- PAYGo refrigeration sales
- Use cases
- Fisheries, poultry, dairy, produce
- Stage
- Operating
Investment opportunity
Transaction structure
USD 25m blended raise, including USD 15m of equity, into an operating solar cold chain business scaling pay-as-you-go refrigeration.
Use of funds
Expand manufacturing capacity, strengthen distribution, scale pay-as-you-go financing, enhance technology and accelerate deployment across markets.
Revenue basis
Sales of solar-powered refrigeration units, financed for customers on pay-as-you-go terms.
The ask
USD 25m of blended capital, including USD 15m of equity, to scale manufacturing, distribution and pay-as-you-go financing.
Why it is bankable
The business is already operating, with 15,000 solar refrigeration units deployed across 25 countries.
USD 5.0m of revenue, with USD 13.15m raised from investors to date.
Capital goes to manufacturing, distribution, pay-as-you-go financing and technology to support expansion.
Perishable food traders need cooling that does not depend on an unreliable grid or diesel, across fisheries, poultry, dairy and produce.
Data and evidence · Operating traction
Project readiness and timeline
- OriginationCompleted
- FeasibilityProven in operation
- StructuringIn progress
- Financial closeSeeking capital
- Phase 1 operationsCurrent stage
Key risks and mitigants
PAYGo repayment performance can affect cash flow; blended capital and portfolio scaling can support financing capacity.
Manufacturing and distribution expansion may strain operations; funds are earmarked for capacity and network strengthening.
Customer uptake may vary by segment; the operating track record across multiple markets provides demand evidence.
Transaction terms
- Instrument
- Blended capital
- Equity
- USD 15m sought
- Total raise
- USD 25m sought
- Stage
- Operating business scale-up
Development impact
Food loss
Solar refrigeration can reduce spoilage in fisheries, poultry, dairy, fruit and vegetable value chains.
Market access
Cold storage extends holding time for perishables and supports sales beyond immediate harvest periods.
Energy access
Solar-powered refrigeration reduces reliance on unreliable grid supply and diesel-based cooling.
Livelihoods
Better preservation can support incomes for farmers, traders and distributors handling perishable goods.